Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 1241:

  

  The organizational structure above represents

  Options:
  A) line and functional structure
  B) line and staff structure
  C) functional structure
  D) line structure
  Show Answer
  The correct answer is B .
• Question 1242:

  Which of the following has power to order withdrawal of a particular food item from circulation?

  Options:
  A) Food and Drug Department of the Federal Ministry of Health
  B) Federal High Courts in Nigeria
  C) Standard Organization of Nigeria
  D) Local Government Health Inspectors
  Show Answer
  The correct answer is A .
• Question 1243: A major hindrance to tourism growth in Nigeria is? Options:
  A) absence of genunie tour operators
  B) lack of tourism master plan
  C) inadequate tourist centres
  D) non-compliance to immigration laws
  Show Answer
  The correct answer is B .
• Question 1244: A shop which consist of many stores trading under a single roof and which stocks varieties of goods with each unit having its own head is a? Options:
  A) mulitple shop
  B) supermarket
  C) superstore
  D) departmental store
  Show Answer
  The correct answer is D .
• Question 1245:

  Thee major aim of consumer orientation is_________

  Options:
  A) consumer satisfaction
  B) consumer sovereignty
  C) what to produce
  D) market research
  Show Answer
  The correct answer is A .
• Question 1246: An agreement by the insurer to compensate the insured for losses suffered is? Options:
  A) policy
  B) surrender value
  C) caveat emptor
  D) indemnity
  Show Answer
  The correct answer is D .
• Question 1247: An agreement that is enforceable in law is ________? Options:
  A) a contract
  B) an offer
  C) an acceptance
  D) a consideration
  Show Answer
  The correct answer is A .
• Question 1248: Electronic computers differ and minimize errors in a? Options:
  A) faster and more accurate manner
  B) more organized manner
  C) faster but less accurate manner
  D) slower but more accurate manner
  Show Answer
  The correct answer is A .
• Question 1249: Emeka ordered goods for his retail shop. The manufacturer sells the goods at retail price of N 500 but would give it to Emeka at N 400. What kind of discount did he get? Options:
  A) Cash discount
  B) Trade discount
  C) Quantity discount
  D) Seasonal discount.
  Show Answer
  The correct answer is A .
• Question 1250: The right of ownership with respect to goods or property is? Options:
  A) right of occupancy
  B) proxy
  C) tittle
  D) certificate of occupancy
  Show Answer
  The correct answer is D .